Joanna Sheinberg Sells 3.76 Acre Development Site In Weston For $4M
3310 Lake Ridge Lane
$4,000,000
Building Size
—
Asset Type
Development Site
Closing
Dec 9, 2022
AI
A True Trophy Property! Spectacular 3.76 acre residential lot in Windmill Ranch Estates, one of the most exclusive luxury enclaves in West Broward, and all of Southeast Florida. This over-sized vacant lot represented a VERY RARE opportunity to own such an expansive tract of land within the most coveted gated community in Weston. Congratulations to both Buyer and Seller!
Summary of transaction details
- Property Type: Development Site
- Sale Price: $4,000,000
- Address: 3310 Lake Ridge Lane, Weston
- Seller: Joanna Sheinberg
- Broker: Miguel Serrano - Douglas Elliman
Miguel Serrano, a leading agent with Douglas Elliman Florida, represented both the buyer and seller in this transaction. With more than 25 years of experience in development management, owner/investor representation, and general contracting, Serrano is a proven and invaluable resource to his high-net-worth clientele. Congratulations to all parties involved in this successful sale!
Players
Weston Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93